June 20 Sold 2,500 shares of $1 par value preferred stock at $15 per share. August 14 Repurchased 40,000 shares of the common stock at $30 per share. Prepare the journal entries. Problem 13-6 Razaki Corporation's Articles of Incorporation (Charter) authorized the company to issue 500,000 shares of common stock with a par value of $10. At the beginning of 2019, Razaki sold 142,000 shares and I reacquired 5,600 of those shares, holding them as treasury stock. Later in 2019, Razaki sold an additional 110,000 shares and purchased 6,400 as treasury shares. As of December 31, 2019 What is the number of issued shares? What is number of outstanding shares